Your Bankruptcy Records
There is a database that is available for searching. This contains just the basic info on the debtor for proposals/bankruptcies filed since 1978 in Canada. But you should know that this information is not available with a free search.
The Bankruptcy and Insolvency Records Search database contains:
- basic debtor information of all bankruptcies and proposals registered in Canada since 1978
- January 1993 and on, all receiverships registered with the Office of the Superintendent of Bankruptcy Canada
- all petitions recorded at with the Office of the Superintendent of Bankruptcy Canada
- Also, every company that has approved protection under the Companies´ Creditors Arrangement Act from September 18, 2009 and on.
Who is actually informed?
With regards to bankruptcy, your Trustee will notify the creditors noted in your bankruptcy and also the Office of Superintendent of Bankruptcy (“O.S.B.”). Your credit report will have a note regarding the bankruptcy. Any banks/lenders will be able to see your credit report and see that you have filed for bankruptcy. Bankruptcy will typically stay on your credit report for 6 or 7 years after the date of your discharge, depending on the credit reporting agency that is used. After that time period, there should be no record on your credit history regarding it.
For the most part, only you, your trustee and the Office of Superintendent of Bankruptcy and anyone that you decide to tell will know about your bankruptcy.